no_free_lunch Posted November 18, 2017 Share Posted November 18, 2017 The agency said it was lifting India’s rating to Baa2 from Baa3 and changed its rating outlook to stable from positive as risks to India’s credit profile were broadly balanced. The upgrade, Moody’s first of India since January 2004, moves the rating to the second-lowest investment grade, one notch higher than Standard & Poor’s and Fitch, which have kept India just above “junk” status for a decade and more. The decision by Moody’s is a plaudit for Prime Minister Narendra Modi’s government and the reforms it has pushed through, and comes just weeks after the World Bank moved India up 30 places in its annual ease of doing business rankings. Indian stocks, bonds and the rupee rallied. https://www.reuters.com/article/us-india-ratings-moody-s/moodys-gives-modi-a-boost-by-raising-indias-sovereign-rating-idUSKBN1DH0O8 India seems to me to be the best of the BRICs from an investment POV. Just not sure the best way to buy into it. There is an ETF but it is .. well you don't really know what you are buying without putting in some serious work and frankly it doesn't seem that cheap. I am thinking FFH might be a good approach. Any other suggestions? Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now